DRC’s Industrial Diamond Exploitation Generates Over $62.3 Million in 2022

DRC’s Industrial Diamond Exploitation Generates Over $62.3 Million in 2022

In 2022, the industrial exploitation of diamonds in the Democratic Republic of Congo (DRC) generated revenues of approximately 62.3 million US dollars, according to the annual report (2022) of the Technical Unit of Coordination and Mining Planning (CTCPM).

This represents an increase of over 10 million US dollars compared to the previous year, where the export of industrially mined diamonds by companies had generated revenues of around 52 million US dollars.

One of the companies contributing to this increase is SACIM, which exported an estimated 4,318,732.89 carats of diamonds, resulting in revenues of 62.2 million US dollars for the 2022 financial year.

Another company, KABE, produced a smaller quantity of industrial diamonds, specifically 4,015.08 carats, but still achieved revenues of approximately 86,025.14 US dollars for the entirety of 2022.

However, it is worth noting that Minière de Bakwanga (MIBA), which was once a significant player in the industrial diamond production in the DRC, did not make the list of companies that had a notable impact in 2022.

According to the CTCPM, the total industrial diamond production for the year 2022 is valued at more than 4.3 million carats.

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